A daily newsletter summarizing interesting Indian startups and recent activity both in India & globally.
INTERESTING STARTUPS
Ajna (2016, Mumbai), stock market analysis platform. Founders are ex- Citigroup, Purplle, Elara Capital, UBS and are alumni of Indian School of Business, NUS, IIT-Kharagpur and IIT-Delhi. Local comparables are WealthBox (2016, Bangalore) and Tradestream (2016, Mumbai). Global comparables are Estimize (2011, NYC, $9.35M) and Accern (2013, NYC, $3.35M).
INDIA INTERESTING NEWS
Portea Medical (2013, Bangalore), at-home healthcare service provider, raises $26M in Series C round of funding led by Sabre Partners & Manipal-CDC healthcare fund. Link
Heckyl Technologies (2010, Mumbai), real-time financial information analytics platform for markets, raises $2.7M in funding from Notion Capital, with participation from IDG Ventures and others. Link
Playment (2015, Bangalore), crowd-sourced marketplace for data processing jobs, raises $1.6M in pre-Series A round of funding led by YCombinator, Sparkland Capital, Silicon Valley angel investors such as Ryan Petersen, Max Altman and others. Link
Nuvepro (2014, Bangalore), IaaS enabler software for enterprises and cloud service providers, raises $400k in Seed round of funding led by 1Crowd and its investor community. Link
RedBook (2015, Mumbai), inventory and order management solution for pharma retailers, raises an undisclosed amount in Seed round of funding led by Vida Ventures and Dr. Aniruddha Malpani. Link
CreditMate (2016, Mumbai), platform to avail loans for used two-wheelers, raises an undisclosed amount in funding from Paytm. Link
Mr Button (2011, Bangalore), private label apparel for men, raises an undisclosed amount in Series A round of funding led by Nine Rivers Capital founder Sandeep Daga. Link
TAO Automation (2016, Bangalore), automation consulting & services provider, raises an undisclosed amount in Seed round of funding from 3one4 Capital and Arihant Patni. Link
Clevertap (2013, Mumbai), an user behaviour analysis & targeting tool, partners with Exotel(2011, Bangalore), a cloud telephony platform for businesses, to provide SMS marketing solutions to customers. Link
Epiq Capital, Mumbai based venture capital firm, closes its tech startup fund, at $250M. Link
GLOBAL ROUNDUP
Divergent 3D (2015, Gardena), platform for designing and manufacturing complex structures using 3D printing, raises $107M in Series B round of funding led by O Luxe Holdings Limited, with participation from Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies. Link
Nautilus Data Technologies (2013, California), water-cooled modular data center, raises $26m in Series C round of funding from Ireland Strategic Investment Fund, Emerson Elemental, Keppel Group and other private cleantech investors. Link
Locus Robotics (2014, Massachusetts), provider of warehouse fulfillment & automation solutions through robotics, raises $25M in Series B round of funding led by Scale Venture Partners, with participation from existing investors. Link
Candid Co (2017, NYC), online portal to order clear braces, raises $15M in Series A round of funding led by Greycroft, Bessemer, e.ventures and with participation from existing investors, including Arena Ventures. Link
Delphi (1994, Gillingham), technology solutions provider for the automotive industry, acquires nuTonomy (2013, Massachusetts), self-driving cars and autonomous robots developer, for an undisclosed amount. Link